HighPeak Energy, Inc. (HPK) to Issue Quarterly Dividend of $0.04 on December 23rd

HighPeak Energy, Inc. (NASDAQ:HPK) announced a quarterly dividend on Wednesday, November 5th. Investors of record on Monday, December 1st will be paid a dividend of 0.04 per share on Tuesday, December 23rd. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, December 1st.

HighPeak Energy has a payout ratio of 18.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect HighPeak Energy to earn $0.96 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 16.7%.

HighPeak Energy Stock Performance

NASDAQ HPK opened at $5.24 on Friday. The company has a fifty day moving average of $6.98 and a two-hundred day moving average of $8.56. The company has a market capitalization of $660.92 million, a PE ratio of 14.56 and a beta of 1.09. HighPeak Energy has a 1 year low of $5.18 and a 1 year high of $15.72. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.87 and a quick ratio of 0.82.

HighPeak Energy (NASDAQ:HPK) last posted its earnings results on Wednesday, November 5th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.23). The firm had revenue of $188.86 million for the quarter, compared to analyst estimates of $224.48 million. HighPeak Energy had a return on equity of 4.23% and a net margin of 6.03%.The firm’s revenue for the quarter was down 30.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. As a group, analysts expect that HighPeak Energy will post 0.78 earnings per share for the current year.

Hedge Funds Weigh In On HighPeak Energy

A number of large investors have recently bought and sold shares of HPK. Principal Financial Group Inc. lifted its stake in shares of HighPeak Energy by 129.2% in the 3rd quarter. Principal Financial Group Inc. now owns 37,509 shares of the company’s stock worth $265,000 after acquiring an additional 21,145 shares during the period. New York State Common Retirement Fund lifted its position in HighPeak Energy by 18.5% in the third quarter. New York State Common Retirement Fund now owns 192,302 shares of the company’s stock valued at $1,360,000 after purchasing an additional 30,000 shares during the period. Hussman Strategic Advisors Inc. purchased a new stake in HighPeak Energy in the 3rd quarter valued at approximately $742,000. State of Alaska Department of Revenue acquired a new position in HighPeak Energy during the 3rd quarter worth approximately $31,000. Finally, Inspire Investing LLC purchased a new position in shares of HighPeak Energy during the 3rd quarter worth approximately $464,000. Hedge funds and other institutional investors own 24.13% of the company’s stock.

HighPeak Energy Company Profile

HighPeak Energy, Inc, an independent oil and natural gas company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids reserves in the Permian Basin in West Texas and Eastern New Mexico. The company was incorporated in 2019 and is headquartered in Fort Worth, Texas.